GIBIX vs. PDMIX

Last updated Jun 4, 2026

GIBIX (Guggenheim Total Return Bond Fund) and PDMIX (PIMCO GNMA and Government Securities Fund) are both mutual funds - GIBIX is a Intermediate Core-Plus Bond fund managed by Guggenheim, while PDMIX is a Government Bonds fund managed by PIMCO. Over the past 10 years, GIBIX returned 2.85%/yr vs 1.56%/yr for PDMIX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

GIBIX vs. PDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Total Return Bond Fund (GIBIX) and PIMCO GNMA and Government Securities Fund (PDMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIBIX achieves a 0.59% return, which is significantly lower than PDMIX's 1.23% return. Over the past 10 years, GIBIX has outperformed PDMIX with an annualized return of 2.85%, while PDMIX has yielded a comparatively lower 1.56% annualized return.

GIBIX

• 1D: 0.00%
• 1M: 0.47%
• YTD: 0.59%
• 6M: 0.57%
• 1Y: 6.21%
• 3Y*: 5.35%
• 5Y*: 0.58%
• 10Y*: 2.85%

PDMIX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.23%
• 6M: 1.21%
• 1Y: 7.10%
• 3Y*: 4.86%
• 5Y*: 0.32%
• 10Y*: 1.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIBIX vs. PDMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIBIX Guggenheim Total Return Bond Fund	0.59%	8.22%	3.18%	7.45%	-16.38%	-0.58%	14.94%	4.45%	0.89%	6.50%
PDMIX PIMCO GNMA and Government Securities Fund	1.23%	8.43%	1.59%	6.03%	-13.96%	-0.65%	5.78%	6.57%	0.83%	2.06%

Correlation

The correlation between GIBIX and PDMIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012	0.77

The correlation between GIBIX and PDMIX shifts across timeframes, from 0.77 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GIBIX vs. PDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIBIX

GIBIX Risk / Return Rank: 30
GIBIX Sharpe Ratio Rank: 31
GIBIX Sortino Ratio Rank: 33
GIBIX Omega Ratio Rank: 29
GIBIX Calmar Ratio Rank: 31
GIBIX Martin Ratio Rank: 27

PDMIX

PDMIX Risk / Return Rank: 33
PDMIX Sharpe Ratio Rank: 31
PDMIX Sortino Ratio Rank: 34
PDMIX Omega Ratio Rank: 33
PDMIX Calmar Ratio Rank: 34
PDMIX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIBIX vs. PDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Total Return Bond Fund (GIBIX) and PIMCO GNMA and Government Securities Fund (PDMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GIBIX	PDMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.61	-0.02
Sortino ratio: Return per unit of downside risk	2.40	2.43	-0.03
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.09	2.21	-0.12
Martin ratio: Return relative to average drawdown	6.55	7.55	-1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIBIX vs. PDMIX - Sharpe Ratio Comparison

The current GIBIX Sharpe Ratio is 1.58, which is comparable to the PDMIX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of GIBIX and PDMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIBIX	PDMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.61	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.05	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.31	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.03	-0.11

Drawdowns

GIBIX vs. PDMIX - Drawdown Comparison

The maximum GIBIX drawdown since its inception was -21.44%, which is greater than PDMIX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for GIBIX and PDMIX.

Drawdown Indicators

	GIBIX	PDMIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.44%	-18.64%	-2.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-3.24%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-5.93%	-7.13%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-21.44%	-18.59%	-2.85%
Max Drawdown (10Y) Largest decline over 10 years	-21.44%	-18.64%	-2.80%
Current Drawdown Current decline from peak	-1.21%	-1.34%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.42%	-1.75%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.94%	+0.01%

Volatility

GIBIX vs. PDMIX - Volatility Comparison

The current volatility for Guggenheim Total Return Bond Fund (GIBIX) is 1.45%, while PIMCO GNMA and Government Securities Fund (PDMIX) has a volatility of 1.76%. This indicates that GIBIX experiences smaller price fluctuations and is considered to be less risky than PDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIBIX	PDMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	1.76%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	3.27%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	4.46%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	6.66%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	5.06%	-0.29%

GIBIX vs. PDMIX - Expense Ratio Comparison

Both GIBIX and PDMIX have an expense ratio of 0.50%.

Dividends

GIBIX vs. PDMIX - Dividend Comparison

GIBIX's dividend yield for the trailing twelve months is around 5.09%, more than PDMIX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIBIX Guggenheim Total Return Bond Fund	5.09%	5.03%	4.71%	4.44%	3.08%	3.36%	4.80%	2.38%	3.25%	3.38%	4.68%	4.39%
PDMIX PIMCO GNMA and Government Securities Fund	4.30%	4.29%	4.66%	3.76%	3.84%	2.03%	2.40%	3.41%	3.10%	2.96%	2.93%	2.14%

Frequently Asked Questions

Can I hold both GIBIX and PDMIX in my portfolio?

With a correlation of 0.94, GIBIX and PDMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GIBIX or PDMIX?

PDMIX has higher volatility (1.76%) compared to GIBIX (1.45%). In terms of maximum drawdown, GIBIX dropped -21.44% vs PDMIX's -18.64%.

Which has better risk-adjusted returns?

PDMIX currently has the higher Sharpe Ratio (1.61 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.